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20121202
20121210
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CNBC 3
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CNBC
Dec 3, 2012 7:00pm EST
spending, stimulus tax extenders, the medicare patch, the mortgage plan they are is going to give mortgage credit. a lot of spending increases. you know, boehner is, i think you got to give him an a for being a valiant guy. he's down to 1.75 to 1 on spending cuts to revenues. now they originally wanted to start out with about three. the president's plan is zero spending cuts. i'm just saying boehner is down to 1.75 to one. that could be a problem, jimmy. >> we have the 800 billion which i read it and bloomberg is reporting the same thing, 800 billion is 800 billion before of what was based on economic growth, bring in more revenue. this $800 billion is done on a static basis, purely by getting rid of deductions. they are unnamed. this is a huge concession on the part of the house republicans and you're right. a balanced plan according to economists is one that's heavy on the spending cuts, light on the tax increases. that's what the house republicans have give end. still too heavy on the tax increases as opposed to the president's plan which was widely heavy on the tax hikes but harley any
CNBC
Dec 6, 2012 7:00pm EST
their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less money to the rich. i'm also willing to compromise on military spending. the only thing i'm not willing to compromise is to throw out facts, throw out common sense and say, oh, let's take more money out of the private sector and maybe the economy will do better. it is a really, really bad idea to raise taxes. i think he'll perhaps send us into another recession. >> you may be right, as a reagan supply sider, my heart and head are with you on this. but it doesn't seem you can get a deal that would avoid a big tax hike unless you get whatever cuts you can get plus a revenue increase. what do you think of mr. boehner's idea, cap deductions and get $800 million in revenues? does that make any sense. >> that's a tax increase. it's a bad idea. but i have yet another thought how we could fix this. why don't we let the democrats pass whatever they want. if they are the party of higher taxes, all the republicans in the house vote present and let the democrats raise taxes as high as th
CNBC
Dec 5, 2012 7:00pm EST
. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's interesting that we're just now talking about it. but back in july, we passed legislation that would freeze the rates, deal with sequestration, make the cuts that needed to take place in spend sog we wouldn't be at this dilemma in december at this time. the president was on the campaign trail then. we thought he'd get off the campaign trail now and stop politics and start focusing on policy. >> can i ask you one last one quickly. the original across the board spending cut for sequestration was i believe $1.2 trillion. >> yes. >> in the republican proposal, you all seemed to have $200 billion as some kind of substitute. what's going to happen to the other trillion dollars in spending cuts that people expected? >> well, we believe you take care of it right now for a couple years. we're looking to not just solve this problem overall. we want to have overal
Search Results 0 to 2 of about 3